Name: PANW Income Statement - Palo Alto Networks Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

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PANW - Palo Alto Networks Inc.

USD | NASDAQ | Technology

PANW Income Statement - Palo Alto Networks Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q3 FY 26	Q2 FY 26	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q4 FY 20	Q3 FY 20	Q2 FY 20	Q1 FY 20	Q4 FY 19	Q3 FY 19	Q2 FY 19	Q1 FY 19	Q4 FY 18	Q3 FY 18	Q2 FY 18	Q1 FY 18	Q4 FY 17	Q3 FY 17	Q2 FY 17	Q1 FY 17	Q4 FY 16
Revenues
Revenues	3,002.0	2,594.0	2,474.0	2,536.5	2,289.0	2,257.0	2,139.0	2,189.5	1,984.8	1,975.1	1,878.1	1,953.3	1,720.9	1,655.1	1,563.4	1,550.5

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenues
Revenues	10,606.5	9,221.5	8,027.5	6,892.7	5,501.5	4,256.1	3,408.4	2,899.6	2,273.1	1,761.6	1,378.5	928.1	598.2	396.1	255.1	118.6
Cost of Revenue	2,976.6	2,451.6	2,059.2	1,909.7	1,718.7	1,274.9	999.5	808.4	645.1	476.4	370.0	251.5	159.6	109.8	70.6	32.3
Gross Profit	7,629.9	6,769.9	5,968.3	4,983.0	3,782.8	2,981.2	2,408.9	2,091.2	1,628.0	1,285.2	1,008.5	676.6	438.6	286.4	184.6	86.3
Operating Expenses
Research & Development	2,277.1	1,984.1	1,809.4	1,604.0	1,417.7	1,140.4	768.1	539.5	400.7	347.4	284.2	185.8	104.8	62.5
Operating Income
Operating Income	1,019.9	1,242.9	683.9	387.3	(188.8)	(304.1)	(179.0)	(54.1)	(104.2)	(165.8)	(157.3)	(99.8)	(215.3)	(18.6)
Non-Operating
Interest Income	382.5	363.5	317.9	224.4	15.6	8.5	41.4	69.8	27.1	14.7	8.8	3.9	-	0.5	0.0
Tax & Net
Income Tax Expense	553.8	461.8	(1,589.3)	126.6	59.8	33.9	35.2	7.3	16.9	22.9	20.4	9.4	4.3	10.6	2.1
Per Share
EPS Basic	1.05	1.71	4.04	0.73	(0.90)	(1.73)	(2.76)	(0.87)	-	-	-	-	-	-	-	-
Supplementary Data
EBITDA	-	1,586.3	967.2	669.5	93.8	(43.7)	27.1	99.7	(7.8)	(106.0)	(114.5)	(70.9)	(195.9)	(8.7)	10.0	(8.2)

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Operating Expenses
Research & Development	734.0	511.0	528.0	504.1	494.0	505.0	481.0	494.8	457.2	447.9	409.5	414.4	413.7	404.1	371.8	363.8	355.4	359.0	339.5	325.3	311.0	266.7	237.4	215.9	196.3	185.4	170.5	158.7	139.1	128.3	113.4	110.3	99.6	96.6	94.2	87.3	86.0	89.9	84.2	76.5
Selling General & Administrative	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling & Marketing	1,161.0	823.0	820.0	829.2	793.0	758.0	720.0	742.3	718.7	673.0	660.5	664.0	639.5	625.5	615.0	570.6	543.6
General & Administrative	316.0	178.0	179.0	26.7	164.0	154.0	98.0	140.3	118.6	301.5	120.1	114.6	114.2	119.4	99.5	108.4
Depreciation & Amortization	-	-	89.0	-	-	-	84.0	-	-	-	64.3	-	-	-	70.7	-
Amortization of Intangibles	280.0	39.0	40.0	37.3	43.0	45.0	41.0	34.2	33.4	28.4	24.9	25.2	25.8	24.8	29.1	31.6
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	2,211.0	1,512.0	1,527.0	1,360.0	1,451.0	1,417.0	1,299.0	1,377.4	1,294.5	1,422.4	1,190.1	1,193.0	1,167.4	1,149.0	1,086.3

Operating Income
Operating Income	(183.0)	397.0	309.0	496.9	219.0	241.0	286.0	238.4	176.7	53.6	215.2	253.5	78.7	39.9	15.2	15.4	(47.6)	(73.9)	(82.7)	(60.4)	(110.4)	(88.8)	(44.5)	(17.8)	(56.5)	(52.9)	(51.8)	(9.9)	(18.7)	6.6	(32.1)	17.1	(45.3)	(22.5)	(53.5)	(13.3)	(49.1)	(54.4)	(49.0)	(22.7)

Non-Operating
Interest Income	71.0	109.0	105.0	97.5	93.0	87.0	86.0	83.1	78.3	85.3	71.2	72.5	65.9	56.6	29.4	9.7	2.6	1.9	1.4	1.5	1.8	2.3	2.9	3.4	8.3	13.9	15.8	18.1	18.3	18.0	15.4	9.4	6.7	5.9	5.1	-	-	-	-	-
Interest Expense	0.0	0.0	0.0	0.0	1.0	1.0	1.0	0.3	2.3	2.8	2.9	5.7	7.8	6.9	6.8	6.9	6.8	6.8
Income From Equity Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non-Operating Income	8.0	59.0	9.0	16.1	8.0	(4.0)	5.0	0.5	(5.8)	5.9	(6.0)	(1.0)	(3.6)	2.1	(7.8)	(4.8)	(4.2)
Pre-Tax Income	(156.0)	549.0	412.0	591.7	311.0	325.0	368.0	319.0	251.2	135.5	282.6	316.5	131.0	84.4	34.4	17.3

Tax & Net
Income Tax Expense	21.0	117.0	78.0	337.8	49.0	58.0	17.0	(38.7)	(27.6)	(1,611.4)	88.4	88.8	23.2	0.2	14.4	14.0	20.7	12.7	12.4	17.0	(5.3)	12.3	9.9	10.5	7.0	12.6	5.1	7.1	(0.9)	4.6	(3.5)	9.9	(2.8)	1.6	8.2	8.0	7.7	2.8	4.4	5.4
Net Income From Continuing Ops	(177.0)	432.0	334.0	253.9	262.0	267.0	351.0	357.7	278.8	1,746.9	194.2	227.7	107.8	84.2	20.0	3.3	(73.2)
Net Income From Discontinued Ops	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	(177.0)	432.0	334.0	253.9	262.0	267.0	351.0	357.7	278.8	1,746.9	194.2	227.7	107.8	84.2	20.0	3.3	(73.2)
Net Income Attributable To Parent	(177.0)	432.0	334.0	253.9	262.0	267.0	351.0	357.7	278.8	1,746.9	194.2	227.7	107.8	84.2	20.0	3.3
Less: Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Preferred Dividends	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income To Common Shareholders	(177.0)	432.0	334.0	253.9	262.0	267.0	351.0	357.7	278.8	1,746.9	194.2	227.7	107.8	84.2	20.0

Per Share
EPS Basic	(0.22)	0.61	0.49	-	0.39	0.41	0.54	-	0.43	2.73	0.63	-	0.35	0.28	0.07	-	(0.25)	(0.32)	(0.35)	-	(1.50)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EPS Diluted	(0.22)	0.61	0.47	-	0.37	0.38	0.49	-	0.39	2.44	0.56	-	0.31	0.25	0.06	-	(0.25)	(0.32)
Shares Basic	801.0	704.0	679.0	-	665.0	659.0	654.0	-	645.8	639.3	310.1	-	303.9	302.3	299.8	-	296.7	294.5
Shares Diluted	801.0	711.0	709.0	-	707.0	709.0	709.0	-	709.3	715.0	349.8	-	344.7	331.6	338.4	-	296.7	294.5

Supplementary Data
EBITDA	-	-	398.0	-	-	-	370.0	-	-	-	279.5	-	-	-	85.9	-	-	-	(13.7)	-	-	-	13.5	-	-	-	(7.8)	-	-	-	0.4	-	-	-	(32.2)	-	-	-	(35.4)	-
EBIT	(183.0)	397.0	309.0	496.9	219.0	241.0	286.0	238.4	176.7	53.6	215.2	253.5	78.7	39.9	15.2	15.4	(47.6)	(73.9)	(82.7)